Renasant (NYSE:RNST) Research Coverage Started at Weiss Ratings

Weiss Ratings began coverage on shares of Renasant (NYSE:RNST) in a report issued on Friday morning,Weiss Ratings reports. The brokerage issued a hold (c+) rating on the stock.

Separately, Hovde Group upgraded Renasant from a “hold” rating to a “strong-buy” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy”.

Renasant Trading Down 1.4%

Shares of Renasant stock opened at $33.63 on Friday. The stock has a market capitalization of $3.20 billion, a PE ratio of 16.90 and a beta of 0.98. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.15.

Renasant Company Profile

Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. It operates through three segments: Community Banks, Insurance, and Wealth Management. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and equipment leasing services, as well as safe deposit and night depository facilities.